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Li & Fung Shrugs Off Tariff Impact, but Customer Bankruptcies Drive Turnover Decline

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Diversification of its sourcing structure and business model allowed Li & Fung to achieve “increased wallet share,” despite seeing turnover and sales slip in the first six months of 2019. In a Nutshell: Li & Fung Ltd. said Thursday that turnover slipped 8.4 percent to $5.35 billion in the first half ended June 30, largely…

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